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Dec 27, 2012
12/12
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they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated with a dictatorship of the speaker. >> reporter: on top of this the treasurey department said the united states will hit its debt ceiling on monday and unless it takes extraordinary measures the country could
they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes...
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Jan 1, 2013
01/13
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senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the
senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could --...
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Dec 29, 2012
12/12
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. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area
. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way...
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Dec 31, 2012
12/12
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our time, to reach a deal to avoid that fiscal cliff. now, if the lawmakers miss the deadline income taxes are set to go up for all americans. >>> and overnight fire on athens street in san francisco destroyed this house. two people had to be treated for smoke inhalation. the fire caused a gas line to rupture outside of the home. it took a couple of hours for pg&e crews to get there, dig up the road and then turn off that gas line. >>> and officials in san francisco are saying if you are going out for a new year's eve party, ride mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. ktvu's allie rasmus is here now to tell us how b.a.r.t. and muni are preparing for all of those crowds. allie? >> reporter: well, these muni buses and cable cars are pretty backed right now, you this re only gonna -- but they are only gonna get busier as the day goes on. thousands people are expected to come here for various parties and events. when it comes to getting into the city on new year's eve, many peopl
our time, to reach a deal to avoid that fiscal cliff. now, if the lawmakers miss the deadline income taxes are set to go up for all americans. >>> and overnight fire on athens street in san francisco destroyed this house. two people had to be treated for smoke inhalation. the fire caused a gas line to rupture outside of the home. it took a couple of hours for pg&e crews to get there, dig up the road and then turn off that gas line. >>> and officials in san francisco are...